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NOTE: Please use Excel for Excel Formula 10. Smith Company imposes a payback cutoff of 3 years for its investment projects. If the company has

NOTE: Please use Excel for Excel Formula

10. Smith Company imposes a payback cutoff of 3 years for its investment projects. If the company has the following two projects available, should it accept either of them?

Year

Cash Flow (A)

Cash Flow (B)

0

$ (50,000.00)

$ (60,000.00)

1

$ 17,000.00

$ 14,000.00

2

$ 22,000.00

$ 15,000.00

3

$ 16,000.00

$ 25,000.00

4

$ 10,000.00

$ 275,000.00

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